News

Insurance

Brit chairman to become Aspen CEO

Brit’s executive chairman Mark Cloutier is stepping down from his role in December 2018 with a view to becoming Aspen CEO.   1 October 2018

Insurance

Hamilton Re poaches head of risk XS from Hiscox

Bermuda-based Hamilton Re has appointed David Roache to the newly-created position of senior vice president, head of risk XS.   14 November 2018

Insurance

Aviva signs five year capacity deal with tech-driven niche insurer Ripe

Insurer Aviva has agreed to a five-year capacity deal with UK-based insurtech Ripe Insurance.   26 March 2019

Insurance

B3i runs hackathon stress test with brokers, insurers and reinsurers

Blockchain insurance initiative B3i successfully stress tested its Property Catastrophe Excess of Loss Reinsurance application recently with a hackathon in Zurich, Switzerland.   1 July 2019

Insurance

E&S lines premium growth accelerates in response to 'underwhelming' underwriting results: Fitch

According to a new report by Fitch Ratings, the excess and surplus (E&S) lines market in the US grew 15 percent in the first half of 2019 - a trend it says will continue in the near future.   30 September 2019

Insurance

Trust Re receives $130m to shore up future after 2018 credit downgrade

Parent company Nest Investments Holdings (Nest) will pay $130 million replacement funds to Bahrain-based re/insurer Trust International Insurance & Reinsurance Company (Trust Re) this year to shore up the firm’s future after it was hit with a credit downgrade last year.   1 July 2019

Insurance

Instanda launches MGA startup service ‘without coding’

Cloud-based digital insurance platform Instanda has launched an MGA startup service, called IMGA, to provide the technical capabilities needed to manage and run a new MGA.   1 July 2019

Insurance

TransRe appoints global head of business development

TransRe has appointed a global head of business development – a newly-created position within the company.   17 July 2017

Insurance

Beazley unveils new US marine insurance platform

Specialist insurer Beazley has established its new US marine platform with an initial focus on hull, protection & indemnity (P&I) and liability coverage for the marine and marine construction sectors.   1 December 2017

Alternative Risk Transfer

RGA reinsures £900m LV= annuity business block

Reinsurance Group of America (RGA) has completed an asset and longevity risk transaction with Liverpool Victoria Friendly Society (LV=) where it will reinsure approximately £900 million in individual annuity business.   19 December 2017

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